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20121124
20121124
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, and inherited the big deficit from president bush. over the next three years president obama cut the deficit. he cut it by $200 billion just from last year to this year. so the deficit isn't growing. it's shrinking by a lot. seriously the folks at investor's business daily calculated that the deficit is falling faster than at any time since the end of the second world war. the deficit is falling so fast it might not be able to fall any faster without sending us back into recession. when president obama started, the deficit equalled 10% of the whole economy and now it equals just 7%. so go ahead, boggle your uncle's mind with this chart. the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the chart. the point of the shrinkingest shrinking on the whole chart back to 1950. when somebody stops inevitably nattering about the fiscal cliff and the skyrocketing deficit, they don't know what they're
is that they are doing precisely what the people who elected them with some do which was several back all obama initiatives, to cut spending, a lot of them doubt that the debt ceiling should not be increased under any circumstances, and to that degree they feel like that was a failure. but, no, they basically believe that their job is first to obstruct barack obama and then once there is a republican president in place to pass those initiatives that create a better business climate, more and more deregulation, the funding of programs that have never quite been near and dear to them. yes. i think that they do believe. and, of course, after you flash toward a bit, i expect to will talks about the debt ceiling fiasco of 2011, but after that summer when we were taken to the brink of fiscal clef, we are about to see again, the thinking on the part of the house republican leaders was, well, you know, maybe your tea party freshmen will go home, he yelled at by their constituents and realized in the you know, maybe compromise is not such a bad thing. the opposite occurred. they went home and the people
Search Results 0 to 1 of about 2

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